Billionaire investor Carl Icahn is considering mounting a proxy campaign to replace Yahoo! board members after the company failed to reach a deal to merge with Microsoft. The veteran investor has built up a stake in Yahoo! in the last week and would run a slate in an effort to force the company back to the negotiating table.
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/ 2 February 2008
With a market value of -billion, Google’s power has become awe-inspiring. Its profits rocketed by 40% to ,2-billion last year and it swallowed the popular video-sharing website YouTube. Through Microsoft’s ,6-billion takeover bid for Yahoo!, the technology establishment hit back at Google’s seemingly unstoppable rise.
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/ 22 January 2008
Battered by slow revenue growth and the popularity of social-networking websites, Yahoo! is poised to lay off hundreds of workers, according to published reports. The New York Times and Wall Street Journal have both reported on the slumping internet icon’s cost-cutting plans, citing people familiar with the matter.
Yahoo! has retooled its online search engine to make it more helpful and engaging, joining an industrywide wave of improvements that so far haven’t dented Google’s dominance. It regards the upgrade announced on Tuesday as the most significant change to its search engine since it reclaimed control of the underlying technology.